Ultrapar Participações (NYSE:UGP) share price down 2.7%

Ultrapar Participações SA (NYSE:UGP – Get Free Report) shares fell 2.7% on Friday. The company traded as low as $3.92 and was last seen at $3.92. About 70,070 shares traded hands during trading, a 95% decline from the average daily volume of 1,384,072 shares. The stock had previously closed at $4.03.

Wall Street analysts predict growth

UGP has been the subject of several research reports. Citigroup upgraded shares of Ultrapar Participações from “neutral” to “buy” in a report on Friday, June 14. Itau BBA Securities downgraded shares of Ultrapar Participações from “outperform” to “market perform” in a report on Tuesday, April 2. StockNews.com downgraded shares of Ultrapar Participações from “strong-buy” to “buy” in a research note on Friday, May 10. Finally, The Goldman Sachs Group raised their price target on Ultrapar Participações from $5.30 to $6.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 20. One investment analyst has rated the stock with a “sell” rating, two have given a “hold” rating and two have given the company’s stock a “buy” rating. According to data from MarketBeat.com, Ultrapar Participações has a consensus rating of “Hold” and a consensus price target of $4.65.

Read our latest stock report on UGP

Ultrapar Participações is down 3.0%

The stock has a market cap of $4.36 billion, a P/E ratio of 8.15, a price-to-earnings-growth ratio of 3.06 and a beta of 1.63. The company’s 50-day average price is $4.59 and its 200-day average price is $5.29. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.23 and a current ratio of 1.68.

Ultrapar Participações (NYSE:UGP – Get Free Report) last released its quarterly earnings results on Wednesday, May 8. The oil and gas company reported $0.08 earnings per share for the quarter. The company had revenue of $6.14 billion during the quarter. Ultrapar Participações had a return on equity of 19.30% and a net margin of 2.07%. On average, sell-side analysts forecast that Ultrapar Participações SA will report $0.32 earnings per share for the current fiscal year.

Institutional investors comment on Ultrapar Participações

Several institutional investors have recently changed their holdings in UGP. Hsbc Holdings PLC increased its holdings in shares of Ultrapar Participações by 13.2% in the 3rd quarter. Hsbc Holdings PLC now owns 498,079 shares of the oil and gas company’s stock worth $1,828,000 after buying an additional 57,915 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Ultrapar Participações in the 3rd quarter valued at about $206,000. O Shaughnessy Asset Management LLC increased its holdings in Ultrapar Participações by 211.7% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 94,645 shares of the oil and gas company’s stock worth $347,000 after buying an additional 64,282 shares in the last quarter. Alpine Global Management LLC acquired a new position in Ultrapar Participações in the third quarter valued at $336,000. Finally, American Century Companies Inc. increased its stake in shares of Ultrapar Participações by 8.2% in the third quarter. American Century Companies Inc. now owns 1,382,989 shares of the oil and gas company’s stock valued at $5,076,000 after acquiring an additional 104,754 shares in the last quarter. 3.58% of the shares are held by hedge funds and other institutional investors.

Ultrapar Participations Company Profile

(Get free report)

Ultrapar Participações SA, through its subsidiaries, is engaged in the energy and infrastructure business in Brazil. The company distributes liquefied petroleum gas to residential, commercial and industrial customers, as well as renewable electricity and compressed natural gas. It is also engaged in the distribution and marketing of gasoline, ethanol, diesel, heating oil, kerosene, natural gas for vehicles and lubricants. It also operates AmPm convenience stores and provides JetOil lubricant services.